Question

    What is LLP

    agreement?
    A an agreement amongst partners in an LLP Correct Answer Incorrect Answer
    B an agreement between LLP and it’s partners Correct Answer Incorrect Answer
    C written agreement between the partners of the limited liability partnership or between the limited liability partnership and its partners which determines rights and liabilities of third persons. Correct Answer Incorrect Answer
    D a written agreement between the partners of the limited liability partnership or between the limited liability partnership and its partners which determines the mutual rights and duties of the partners and their rights and duties in relation to that limited liability partnership. Correct Answer Incorrect Answer
    E written agreement between the partners of the limited liability partnership or between the limited liability partnership and its partners which determines the mutual rights and duties of the partners. Correct Answer Incorrect Answer

    Solution

    LLP Act, 2008.S. 2. (o) "limited liability partnership agreement" means any written agreement between the partners of the limited liability partnership or between the limited liability partnership and its partners which determines the mutual rights and duties of the partners and their rights and duties in relation to that limited liability partnership;

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